BSP to observe ‘quiet period’ before policy meeting
The Bangko Sentral ng Pilipinas has reminded members of the Monetary Board and other central bank officials to not give any information or forward guidance on monetary policy seven days before a scheduled policy review......»»
Market climbs ahead of BSP meeting
The stock market climbed for the second straight day ahead of the outcome of the Bangko Sentral ng Pilipinas (BSP) policy meeting......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
F1 great Lewis Hamilton kept his Ferrari move so quiet even his parents didn t know
F1 great Lewis Hamilton kept his Ferrari move so quiet even his parents didn t know.....»»
How is the Cebu motorsports scene?
CEBU CITY, Philippines—How is Cebu motorsports these days? Apparently, it isn’t as quiet as it seems, according to Cebuano motorsports legend Lord Seno. In an episode of CDN SportsTalk, Seno, a noted race car champion, said the racing community is active. While the motorsports scene in Cebu may seem quiet with no races being held here,.....»»
BSP keeps policy rate at 6.5%
In the MB’s first policy rate meeting in 2024, the MB held steady at a 6.5% benchmark interest rate as the country’s inflation risks continued to lean on the upside. .....»»
Councilor urges social media influencers to observe local laws
The Davao City councilor, Temujin “Tek” Ocampo, has urged social media influencers to familiarize themselves with local ordinances before promoting areas to their followers. Ocampo, who heads the Committee on Environment and Natural Resources, appreciates the promotion of Davao City by social media influencers but emphasizes the importance of understanding local laws before attracting crowds to specific areas. He expressed gratitude for the promotion but highlighted the challenge of controlling the influx of people once a location is featured. Ocampo plans to collaborate with Councilor Al Ryan Alejandre, Chair of the Committee on Tourism and Beautification, to accredit social media vloggers through the local government unit. He underscored the need for accredited vloggers, recognizing their contributions to the city and addressing any mistakes they might make. This initiative aims to balance recognition for positive actions with corrective measures for any missteps. The concerns arose in November 2023 when a Davao City-based environment group criticized a travel vlogger for promoting recreational activities in a river within the Panigan-Tamugan Watershed. Following a waste dumping incident on January 11, 2024, the group urged Dabawenyos, especially vloggers and influencers, to refrain from visiting protected areas for leisure. They emphasize the importance of understanding and respecting rules and regulations before endorsing specific parts of the city......»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
BSP urged: Ensure out-of-the-woods inflation before cutting interest rates
Monetary authorities must ensure that inflation is finally out of the woods before any move to ease policy rates, state-run Land Bank of the Philippines said......»»
Baste urges Filipinos: Keenly observe Liza Marcos interviews
DAVAO City Mayor Sebastian “Baste” Duterte has urged the Filipinos to keenly observe the interviews of the First Lady, Liza Marcos to be able to see the real situation of the Philippine society today......»»
Marcos to Pinoy motorists: Observe discipline, courtesy on roads
Marcos to Pinoy motorists: Observe discipline, courtesy on roads.....»»
Marcos to Pinoy motorists: Observe discipline, courtesy on roads
Marcos to Pinoy motorists: Observe discipline, courtesy on roads.....»»
Marcos to Pinoy motorists: Observe discipline, courtesy on roads
Marcos to Pinoy motorists: Observe discipline, courtesy on roads.....»»
Marcos to Pinoy motorists: Observe discipline, courtesy on roads
Marcos to Pinoy motorists: Observe discipline, courtesy on roads.....»»
Marcos to Pinoy motorists: Observe discipline, courtesy on roads
Marcos to Pinoy motorists: Observe discipline, courtesy on roads.....»»
Marcos to Pinoy motorists: Observe discipline, courtesy on roads
Marcos to Pinoy motorists: Observe discipline, courtesy on roads.....»»
Marcos to Pinoy motorists: Observe discipline, courtesy on roads
Marcos to Pinoy motorists: Observe discipline, courtesy on roads.....»»
Marcos to Pinoy motorists: Observe discipline, courtesy on roads
Marcos to Pinoy motorists: Observe discipline, courtesy on roads.....»»